L’Occitane FY2019: Sales up 8.1 percent, profit rises 21.8 percent
L’Occitane has published its results for the 2019 financial year, ended March 31. The natural beauty retailer reported sales of €1,426.9 million, up 8.1 percent at reported rates (4.2 percent like-for-like). Net profit increased 21.8 percent to €117.6 million. The US,...
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AmorePacific signs Memorandum of Understanding with TerraCycle
AmorePacific and TerraCycle have signed a Memorandum of Understanding (MOU) that sets out recycling arrangements for the K-beauty firm’s empties. AmorePacific has committed to recycling a minimum of 100 tons of empty plastic bottles every year for the next three years...
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German pencil workers stage first ever strike
Members of the IG Metall Union staged a ‘warning’ strike on June 5, which predominantly affected five German pencil manufacturers, including Faber-Castell and Schwan Stabilo, according to a report published by World Socialist Web Site. Workers are demanding that their...
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L’Oréal Brazil to lower emissions with new wind power supply
Engie Brasil Energia is set to supply L’Oréal Brazil with renewable energy, cutting some 7,000 tonnes of carbon emissions from the French beauty giant’s footprint, according to a report published by Renewables Now. L’Oréal Brazil will source its power from the...
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The Estee Lauder Companies CEO named as one of world’s best by Barron’s
The Estee Lauder Companies’ President and CEO, Fabrizio Freda has been named as one of the world’s best CEOs of 2019 by Barron’s for the second consecutive year. Freda is one of 30 top executives named to Barron’s unranked list, others include Ulta top dog, Mary...
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Never gonna happen: Chanel announces results and rubbishes sale rumors
Chanel has categorically denied that it is considering a sale with CFO Philippe Blondiaux stating that ‘it will never happen’, according to a report published by WWD. Instead, investment in creativity is the priority, the top-ranking executive revealed. “I think it...
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Child labor in mica mines under the spotlight as human rights watchdog unveils damning report
The People’s Vigilance Committee on Human Rights has unveiled a damning report on mica production to coincide with World Day against Child Labor, exposing the widespread use of children to man India’s mica mines, according to a report published by Asia News. “[Child...
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Space NK announces new CEO
Space NK has promoted Group Digital Director Andy Lightfoot to CEO, effective immediately. In his new role, Lightfoot will report to former CEO Chris Garek, who has been appointed Executive Chairman. “Andy's drive and determination coupled with his leadership skills...
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Microplastics ban could be costly: Italy protests EU proposal
Italian cosmetics SMEs are protesting the proposed EU ban of intentionally added microplastics in beauty and personal care products, according to a report published by Chemical Watch. Italy’s cosmetic industry employs 35,000 and is the European Union’s fourth largest,...
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L’Oréal supports first ILO convention on violence and harassment in the workplace
L’Oréal has announced its active support of the International Labor Organization’s adoption of the first international convention on violence and harassment in the workplace, due to be debated in June. The French beauty behemoth has put together a coalition of...
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